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Famous Five Dining, the Renegars and Listers, Expand Their Franchise with SBA Assistance
Famous Five Dining Inc. is the creation of four very successful restaurant operators, franchise owners of five successful Famous Dave’s restaurants in Tennessee. They are the SBA 2012 Tennessee Small Business of the Year. Owners Mike and Tamara Lister, and Doug and Laurel Renegar, have over eighty-five years of combined experience in the restaurant industry. As life-long friends, they have shared experiences since school days, through marriage, children and forming and growing a business together. Together Doug and Mike handle on-going operations and strategic growth for the company. Laurel and Tamara focus on the business of running a business and are responsible for support functions as equal partners in Famous Five Dining, Inc. Tennessee locations include the cities of Hermitage, Smyrna, Knoxville, Chattanooga, and Franklin. Famous Five Dining Inc. provides employment for over two hundred and fifty employees. In the Fall of 2001, the four entrepreneurs entered into a contract with Famous Dave’s, a publicly traded restaurant chain with over one hundred and forty locations nationwide, and now have regional franchise rights in the mid-south. For funding their first restaurant, they turned to SBA’s 504 loan program which provides financing for land, buildings and equipment. The Mid Cumberland Development Corporation, a SBA Certified Development Corporation lender, provided the initial capital to open the Hermitage location. Since opening their first Famous Dave’s, the four entrepreneurs have realized annual sales of well over $5 million at their restaurants.
The SBA helps people get in business, stay in business and grow their businesses. For more information on SBA programs and services please visit the SBA website, www.sba.gov or contact the Tennessee District SBA Office, 2 International Plaza, Suite 500, Nashville, TN 37217 (615)736-5881, www.sba.gov/tn